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Tuesday, March 26, 2002 1:51:37 AM
....that this was a routine housekeeping event which provides us with virtually no information about the company's intentions.
It has no impact upon the value of the shares which we own.
The only difference is that it makes it possible for certain things to be done, which could not previously have been done.
It does not tell us anything about which of those things will actually be done.
Not surprisingly, each person who thought that they knew (before this announcement) what the company was going to do, now finds proof in the announcement that they were right. Yawn.
An analogy: You would have to obtain a passport in order to travel to a foreign country, right? But if you obtain a passport, does it guarantee that you really will go to a particular country, or that you have decided which country to visit?
Somebody let me know if we get some news this week, will you?
Best regards,
Geoff
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